Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Chinese Yuan Renminbi (CNY) has exhibited notable fluctuations over the past few months, influenced by various economic indicators and market dynamics. This report provides an analysis of the recent trends, technical indicators, and future forecasts for the SGD/CNY currency pair.

Recent Exchange Rate Trends

Between September 2024 and March 2025, the SGD/CNY exchange rate experienced a range of movements:

• Highest Rate: 5.4783 CNY per SGD on September 27, 2024.
• Lowest Rate: 5.2943 CNY per SGD on February 3, 2025.
• Average Rate: Approximately 5.3989 CNY per SGD over this period.

These figures indicate a relatively stable exchange rate with minor fluctuations, reflecting the economic conditions and monetary policies of both Singapore and China during this timeframe. (exchange-rates.org)

Technical Analysis

As of March 17, 2025, technical indicators for the SGD/CNY pair suggest a mixed outlook:

• Relative Strength Index (RSI): At 50.175, indicating a neutral market sentiment.
• Moving Average Convergence Divergence (MACD): A value of 0.002 suggests a potential buy signal.
• Average Directional Index (ADX): At 33.649, indicating a strong trend.

However, other indicators such as the Stochastic Oscillator and Commodity Channel Index (CCI) point towards a sell signal, highlighting the importance of a cautious approach when interpreting these metrics. (investing.com)

Forecasts and Predictions

Looking ahead, various forecasts provide insights into the potential trajectory of the SGD/CNY exchange rate:

• Short-Term Forecasts: Predictions for the next few months suggest a gradual appreciation of the SGD against the CNY, with average rates projected to reach approximately 5.44 CNY per SGD by April 2025. (midforex.com)

• Long-Term Forecasts: Over the next five years, the exchange rate is anticipated to increase steadily, potentially reaching an average of 5.8310 CNY per SGD by 2030. (midforex.com)

These projections are based on current economic trends and are subject to change due to unforeseen economic developments and policy shifts.

Factors Influencing the Exchange Rate

Several factors contribute to the fluctuations in the SGD/CNY exchange rate:

• Economic Indicators: GDP growth rates, inflation, and interest rates in both countries significantly impact the exchange rate.
• Geopolitical Events: Trade agreements, political stability, and international relations can influence investor confidence and currency valuations.
• Central Bank Policies: Decisions by the Monetary Authority of Singapore and the People's Bank of China regarding monetary policy and currency interventions play a crucial role.

Conclusion

The SGD/CNY exchange rate has demonstrated relative stability with minor fluctuations over the past few months. Technical indicators present a mixed outlook, suggesting the need for careful analysis and monitoring. Forecasts indicate a potential gradual appreciation of the SGD against the CNY in the coming years. However, investors and businesses should remain vigilant, considering the various economic and geopolitical factors that could influence this currency pair.